(Greenwich Merchant Bank): The NGX-ASI and market capitalization declined by 0.20% to settle at 54,082.96points and 29.46trillion respectively. The top losers are OANDO 3.30%, NGXGROUP 5.45%, LASACO 10.53% and ETERNA 8.94%. Consequently, Year-To-Date, it has gained 5.53%.
The market sentiment was bearish as both the volume and value traded declined by 1.43% and 28.82% to close at 296.74million units and N3,066.45million respectively. Also, FIDELITYBK and ZENITHBANK recorded the highest volume and value traded respectively.
However, market breadth closed negative at 0.67x due to the gains reported in Fourteen (14) equities, while Twenty-One (21) stocks lost.
Although, sectorial performance was positive as the Consumer goods 0.12%, Insurance sector 0.89% and Oil & Gas sector 0.25% sector gained. While the Banking 1.34% and Industrial 0.04% sector lost.
Fixed Income Market
The average system liquidity declined to negative N61.07 billion from its opening balance of N43.25billion.
However, at the interbank market, both Open Buy Back and Overnight rate increased by 125bps and 88bps to close at 18.63% and 18.75% respectively.
At the close of market activities at the NTBills market, average yield closed marginally lower by 1bps to close at 8.05%.
Similarly, at the Bonds market, trading activities was bearish as average yield increased marginally by 2bps to close at 14.21%.
The Naira exchange rate, at the I&E window, gained by N0.20 to N463.30/ USD from N463.50/USD.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
